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in fact, we have an emergency manager law used, but when it's used it's a major help to prevent bankruptcies and other challenges. that's also on the ballot. this would override that and leave us in a spot where communities might have bankruptcy as an option, and that's a very bad answer. >> governor, let me just ask you, what are the mechanics of this thing? in other words, if they get collective bargaining as a matter of state constitutional rights, does that undo all of your reforms as you call it to the michigan comeback? does that give the unions power even over the state legislature? is it that bad? >> it would in many aspects take us back in time and give a lot of power to unions in terms of the negotiating process and really wipe out a lot of benefits we have. we're the comeback state. we've gone through tough recessions before. we need to keep going. that's where i encourage our citizens to get out there look at the details of this and vote no on proposal two. >> will this bring out a bigger turnout? i've seen recent polls that show the state of michigan a toss-up between romney and
in fact, we have an emergency manager law used, but when it's used it's a major help to prevent bankruptcies and other challenges. that's also on the ballot. this would override that and leave us in a spot where communities might have bankruptcy as an option, and that's a very bad answer. >> governor, let me just ask you, what are the mechanics of this thing? in other words, if they get collective bargaining as a matter of state constitutional rights, does that undo all of your reforms as...
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>> the law is the law. the law is that $460 billion is going to have to be cut out of defense. they should be planning for that now, because those cuts are supposed to begin on the first of january. those are facts. facts are stubborn things. since when do we disobey laws because we anticipate changes in the law? i have never heard of such a thing and i think it is outrageous to make that assumption because that's not how government's supposed to work. >> let me turn you, if i could, to the employment report of this morning, senator. i don't know whether you were able to hear the previous conversation -- >> yes. >> -- but jack welch tweeted out this morning that he basically doesn't believe these numbers, the 7.8% unemployment rate and he alleged that those numbers were manipulated by the administration. we just had a republican congressman on who believes the same thing. what's your opinion? what do you make of this number, and given what you see in your own backyard, does it ring true? >> well, i think that it's pretty significant that for the first time in nearly four years
>> the law is the law. the law is that $460 billion is going to have to be cut out of defense. they should be planning for that now, because those cuts are supposed to begin on the first of january. those are facts. facts are stubborn things. since when do we disobey laws because we anticipate changes in the law? i have never heard of such a thing and i think it is outrageous to make that assumption because that's not how government's supposed to work. >> let me turn you, if i...
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some republicans say the white house is bending labor laws for votes. senator john mccain is with us live. we'll talk about that and more with the last time presidential candidate on the gop side and the age old debate wall street bankers are they overpaid and are more cuts ahead. we got that and more top of the hour, jobs. >> sounds great. not often a finance minister is laughed at when tlifrg a speech but that's exactly what happened to spain's finance minister when he told a crowd in london that his country doesn't need a bailout. he was speaking to students at london school of economics and they chuckled at that. nevertheless the euro moving above 1.35 versus u.s. dollar. boris, good to see you. what do you make of the situation with the euro, with merkel going to greece next week, walking in to the lion's den. messy day. >> yes. but i think ultimately what you have to take away from this week is when draghi came out and said don't mess with me. basically there's a coalescing of ideas in the eurozone now around the ont and esm where most of the euro
some republicans say the white house is bending labor laws for votes. senator john mccain is with us live. we'll talk about that and more with the last time presidential candidate on the gop side and the age old debate wall street bankers are they overpaid and are more cuts ahead. we got that and more top of the hour, jobs. >> sounds great. not often a finance minister is laughed at when tlifrg a speech but that's exactly what happened to spain's finance minister when he told a crowd in...
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Oct 1, 2012
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penalty is part of the president's health care law. how much impact will this really have on hoopspitals? joining us, vice president for clinical affairs at the nyu langone medical center. andrew, thank you for joining us. scary story out of the "washington post" today that brought it to our attention here. which if hospitals have a lot of people coming back for the same treatment in a short period of time, they're going to get whacked by the government. how severe a problem is this? >> it is a big problem nationally and right now we're talking about the cost control provisions of health care reform. so everything that you've been hearing about in the news, the general news anyway, has been about health insurance reform. this is now how are we going to pay for the health insurance reform and an easy target is to take it out of the hospitals because medicare pays hospitals a lot of money. every hospital grapples with hospital readmissions. there's a lot of controversy around penalizing hospitals if their patients, for example, don't com
penalty is part of the president's health care law. how much impact will this really have on hoopspitals? joining us, vice president for clinical affairs at the nyu langone medical center. andrew, thank you for joining us. scary story out of the "washington post" today that brought it to our attention here. which if hospitals have a lot of people coming back for the same treatment in a short period of time, they're going to get whacked by the government. how severe a problem is this?...
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it is part of the law. what about the law? the kudlow caucus debate is up next. why the pink slips haven't gone out because of the defense cuts. if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. [ feedback ] attention, well, everyone. you can now try snapshot from progressive free for 30 days. just plug this into your car, and your good driving can save you up to 30%. you could even try it without switching your insurance. why not give it a shot? carry on. now you can test-drive snapshot before you switch. visit progressive.com today. >>> our kudlow caucus is still with us. i don't think i said that before. i apologize as always. let me begin with you on this point. the defense contract. i go to you because you are from virginia. they are going to get killed by the bu
it is part of the law. what about the law? the kudlow caucus debate is up next. why the pink slips haven't gone out because of the defense cuts. if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. [...
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this is again manipulating somehow the laws. now the bank unicredit has actually plea bargained and has paid 265 million euros. the fraud was for 245 million is what these defendants are being accused of. and the bank did it not because they admit to wrongdoing, but because they did say that was just going to be a very long and drawn out case that they didn't want to have to deal with. on so now these defendants, 19 plus profumo. he says there was no wrongdoing and he's waiting with confidence that the justice system takes its course. note just in a few days, he is expected to take on more responsibilities at his new job which is chairman at italy's oldest and most troubled bank. he will expand his duties so he's being closely watched right now. back to you. >> all right. that's the late he is out of the trial in milan. we'll take a short break. still to come, american golfers feeling a little blue after the european stage an amazing comeback in the ryder cup. we'll have more details and we'll be in chicago. we'll have more deta
this is again manipulating somehow the laws. now the bank unicredit has actually plea bargained and has paid 265 million euros. the fraud was for 245 million is what these defendants are being accused of. and the bank did it not because they admit to wrongdoing, but because they did say that was just going to be a very long and drawn out case that they didn't want to have to deal with. on so now these defendants, 19 plus profumo. he says there was no wrongdoing and he's waiting with confidence...
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they're ignoring federal law. they're supposed to have military voter registration on federal bases and they're just not doing it. and it's leading to what we think are going to be record lows in military rovoter turnou by as great as 70% dips in key states like virginia and ohio. >> if i were a cynic, if i were a cynic i would say this is because polls show 60% of military voters vote republican. now, would i be too cynical? >> you know, who knows? but what really matters is it doesn't matter how they vote, it matters that they vote. and this is clearly frustrating their right, their opportunity, to be able to cast a ballot this election year. and the pentagon frankly seems not to care very much. the pentagon's response is, well, let's wait until after the election and see how things turn out. and after the election it's simply too late. we've got to make their that service members can cast a ballot. that's why congress gave pentagon marching orders two years ago, now three years ago and the pentagon is just refu
they're ignoring federal law. they're supposed to have military voter registration on federal bases and they're just not doing it. and it's leading to what we think are going to be record lows in military rovoter turnou by as great as 70% dips in key states like virginia and ohio. >> if i were a cynic, if i were a cynic i would say this is because polls show 60% of military voters vote republican. now, would i be too cynical? >> you know, who knows? but what really matters is it...
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the reality is, it isn't new laws. it's using the executive branch to legislate by fear or by threat. you don't need a law. in effect the epa is doing stuff all over the place. the nlra is doing stuff that's not sanctioned by any law. it's a political decision and it's extraordinarily negative to our country and our economy. >> "the journal" did you read the lead editorial today how razor thin the obama care vote really was. we know scott brown they had to do reconciliation after he won. gym webb fairly won, al franken sort of harvested the boats to beat norm coleman. those made a difference. evan bayh and jim weber saying we wish we hadn't taken 20% of the economy with no republican votes and legislated the most unpopular bill in history that's still unpopular and really poisoned the whole political atmosphere, at the same time you weren't trying to add jobs. it was almost an impediment to adding jobs. >> using reconciliation process on prapts the most important piece of legislation in the last 20 years, it is basical
the reality is, it isn't new laws. it's using the executive branch to legislate by fear or by threat. you don't need a law. in effect the epa is doing stuff all over the place. the nlra is doing stuff that's not sanctioned by any law. it's a political decision and it's extraordinarily negative to our country and our economy. >> "the journal" did you read the lead editorial today how razor thin the obama care vote really was. we know scott brown they had to do reconciliation...
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act that just took place where they're in blatant violation of the law. i wouldn't put anything past this administration. >> by the way, the w.a.r.n. act he refers to requires businesses to tell employees about potential layoffs 60 days in advance. here with reangction, former lar secretary elaine chow. thanks very much for joining us. you were the labor secretary. you had the national butreau of labor statistics under you. what do you think about this possibility of a conspiracy? >> when i was at the department of labor, i think the bureau of labor statistics was very professional. they did a very good job. i don't know what's happening now. i can't speak to that. but the fact that this administration has delayed the issuance of these legally mandated layoff notices is astounding. that has never happened before. under the law, any employer, including the government, is supposed to notify the workers 60 days prior to termination that they are indeed going to be facing termination. so for this administration to unilaterally issue a direct order to not issu
act that just took place where they're in blatant violation of the law. i wouldn't put anything past this administration. >> by the way, the w.a.r.n. act he refers to requires businesses to tell employees about potential layoffs 60 days in advance. here with reangction, former lar secretary elaine chow. thanks very much for joining us. you were the labor secretary. you had the national butreau of labor statistics under you. what do you think about this possibility of a conspiracy?...
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>> there's a national law whatever. >> that is stupid. you're right. >> that other hotel owners have to allow a new hotel to be built. they're old and they've been there for years. you can't build a hotel there unless you kiss a lot of feet and do a lot of whatever. >> that is wrong. >> john is our guest host today. we'll have more insights from him as we continue, john taylor. >>> joe has stocks to watch ahead of this, the open on wall street and september jobs report. "squawk" will be back after this. >>> do you like "squawk box"? do you like facebook? well, you'll love "squawk box" on facebook. next week, we launch our official facebook page, "like" the show page and get updates, interviews, pictures and more. "squawk box" on facebook, kicks off monday. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scot
>> there's a national law whatever. >> that is stupid. you're right. >> that other hotel owners have to allow a new hotel to be built. they're old and they've been there for years. you can't build a hotel there unless you kiss a lot of feet and do a lot of whatever. >> that is wrong. >> john is our guest host today. we'll have more insights from him as we continue, john taylor. >>> joe has stocks to watch ahead of this, the open on wall street and...
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to have a charter school law. we've only got about -- >> charter school law that says what in. >> that charter schools are allowed. we have ten states where you can't have a charter school, you can only have public schools, the standard. >> but the money we throw with at education, with what we spend if you did it the right way. >> we spend way more than anybody else. one of my sideline activities is running a charter school system out of arizona, we just opened our first school in washington, d.c., school name is basis. we've got two other top high schools in the u.s. in a ten-year-old charter school system. it's possible to do it. we don't hire teachers, we hire content experts for the classroom, we put some degree of tension in the classroom. we have international expectations. kids, we were all kids once, kids jump as high as you ask them to jump, and the basic problem in our education system is we set the bar so deangelo they don't have to work to get over it. >> put tension in the classroom? >> you pay teach
to have a charter school law. we've only got about -- >> charter school law that says what in. >> that charter schools are allowed. we have ten states where you can't have a charter school, you can only have public schools, the standard. >> but the money we throw with at education, with what we spend if you did it the right way. >> we spend way more than anybody else. one of my sideline activities is running a charter school system out of arizona, we just opened our...
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sorry to my brother and sister-in-law. sport for the spectator. mandy, they teach you how to watch sports apparently. >> how to be a spectator. things like football, basketball, baseball, golf, tennis, ice hockey, whatever. like kangaroo racing. curling. you name it, it's there. [ male announcer ] for the saver, and a big first step. for the spender who needs a little help saving. for adding "& sons." for the dreamer, planning an early escape. for the mother of the bride. for whoever you are, for whatever you're trying to achieve, pnc has technology, guidance, and over 150 years of experience to help you get there. ♪ to help you get there. syou know, i've helped a lot off people save a lot of money. but today...( sfx: loud noise of large metal object hitting the ground) things have been a little strange. (sfx: sound of piano smashing) roadrunner: meep meep. meep meep? (sfx: loud thud sound) what a strange place. geico®. fifteen minutes could save you fifteen percent or more on car insurance. when you take a closer look... ...at the best schools
sorry to my brother and sister-in-law. sport for the spectator. mandy, they teach you how to watch sports apparently. >> how to be a spectator. things like football, basketball, baseball, golf, tennis, ice hockey, whatever. like kangaroo racing. curling. you name it, it's there. [ male announcer ] for the saver, and a big first step. for the spender who needs a little help saving. for adding "& sons." for the dreamer, planning an early escape. for the mother of the bride....
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. >> and jennifer ruber and stephen law. jen, i go to you first. really, if you can't cut a little pbs, what can you you cut. this is going to kill obama. >> it drives people back to that debate. rox knee couldn't get a better person to run. and i think they are convinced that they can still. destroy romney. i don't think that is possible after 70 million people see it directly and make an assessment of this guy. and they have another week before the presidential debate while public opinion sets in. he is pumped up and i'll have it written up tomorrow. he sounds poised and focused and i think the president is in a little bit of trouble. >> first of all, saesame street wants the add pulled and third of all, the thing that troubles me, he will not face the press. not once after the bengazi ca tr catastrophy. >> as far as big bird, it was fun and it made a good point. if more children had been educated by that program in their early years. i think the add is over the top in many ways and plus, if you are going to do it, get it first. but look, i agree
. >> and jennifer ruber and stephen law. jen, i go to you first. really, if you can't cut a little pbs, what can you you cut. this is going to kill obama. >> it drives people back to that debate. rox knee couldn't get a better person to run. and i think they are convinced that they can still. destroy romney. i don't think that is possible after 70 million people see it directly and make an assessment of this guy. and they have another week before the presidential debate while public...
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tell me why you surrendered your law license in illinois and why did your wife surrender her license in illinois. let us know why. you're running for the presidency. you don't have a private life anymore. it's gone. you made that decision when you said i'm running for president. what i'm saying is, we know one thing about mitt romney. he's got 25 years of solid business experience, most of which has been very successful. and he's a decent man. by the way i'll say it again. i'm going to feel very good when this man is president in january because he's going to make, i believe he'll bite the bullet, nigel. i really believe this guy -- >> nigel, you were there for gordon brown. what was that like for you? >> well, he was a man, it was awful really, not only -- >> scars. >> i want this guy on the show every time. >> not only did he sell 400 metric tons of gold at an average price of $258 an ounce, we can all make bad calls. what he did he announced to the markets the 17 days on which he was going to sell the gold and the quantities. i mean, we just had a moron in charge. it was disastrou
tell me why you surrendered your law license in illinois and why did your wife surrender her license in illinois. let us know why. you're running for the presidency. you don't have a private life anymore. it's gone. you made that decision when you said i'm running for president. what i'm saying is, we know one thing about mitt romney. he's got 25 years of solid business experience, most of which has been very successful. and he's a decent man. by the way i'll say it again. i'm going to feel...
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but that's already the law. and that doesn't help the millions of people out there with pre-existing conditions. there's a reason why governor romney set up the plan that he did in massachusetts. it wasn't a government takeover of health care. it was the largest expansion of private insurance. but what it does say is that insurers, you have to take everybody. now, that also means that you've got more customers. but when governor romney says that he'll replace it with something but can't detail how it will be, in fact, replaced and the reason he set up the system he did in massachusetts is because there isn't a better way of dealing with pre-existing conditions. it just reminds me of, you know, he says he's going to close deductions and loopholes for his tax plan. that's how it's going to be paid for. we don't know the details. he says that he's going to replace dodd/frank, wall street reform. we don't know exactly which ones. he won't tell us. he now says he's going to replace obama care and assure us all the go
but that's already the law. and that doesn't help the millions of people out there with pre-existing conditions. there's a reason why governor romney set up the plan that he did in massachusetts. it wasn't a government takeover of health care. it was the largest expansion of private insurance. but what it does say is that insurers, you have to take everybody. now, that also means that you've got more customers. but when governor romney says that he'll replace it with something but can't detail...
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they have to have an idea of what they're getting in a law. that's so important for milt romney in a debate. he has to bring people, he has to bring heart to supply side politics and that's what happened. this is the most important day in mitt romney's life, there's no question, david's going to remind us that obama is leading in the polls, this is really make or break. do you think romney will do it? do you expect to hear a sharp, clear message on lowering middle class tax rates, and do you think he'll do it? and a pro growth package. >> i these he'll make a passioned plea for the economic tax cuts he's already talked about. i don't think he's going to pound home that message. i think paul ryan did. maybe you'll see more from paul ryan in the vice presidential debate. i think he's going focus on regulation and all that stuff. >> let me ask you, a built of a warning to you. >> i will not gloat. i will never gloat. >> you may be right and that's okay. romney took a machete and lifted newt gingrich's head off. and later on romney took maybe a di
they have to have an idea of what they're getting in a law. that's so important for milt romney in a debate. he has to bring people, he has to bring heart to supply side politics and that's what happened. this is the most important day in mitt romney's life, there's no question, david's going to remind us that obama is leading in the polls, this is really make or break. do you think romney will do it? do you expect to hear a sharp, clear message on lowering middle class tax rates, and do you...
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. >>> october 3rd, 2008, the emergency economic stabilization act became law. it created the $700 billion t.a.r.p. program. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or make 70,000 trades a second... ♪ reach one customer at a time? ♪ how do you help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. and those well grounded. for what's around this corner... and the next. there's cash flow options from pnc. solutions to help businesses like yours accelerate receivables, manage payments, and help ensure access to credit. because we know how important cash flow is to reaching your goals. pnc bank. for the achiever in you. >>> i don't know. >> oh. okay. hi. stocktober. not too early to talk about halloween. do you remember when it was? 2009. 2009. 2009. going up 1 billion this year. t
. >>> october 3rd, 2008, the emergency economic stabilization act became law. it created the $700 billion t.a.r.p. program. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or make 70,000 trades a second... ♪ reach one customer at a time? ♪ how do you help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece?...
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but they're a huge part of the president's health care law and we're going to show you after the break how they work. >>> then later on, the tuition is just too damn high, america. why does it keep going up, and up, and up? answers in the next half-hour. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... a little bit more vanilla? this is great! [ male announcer ] at humana, we believe there's never been a better time to share your passions... because the results... are you having fun doing this? yeah. that's a very nice cake! [ male announcer ] well, you can't beat them. [ giggles ] ohh! you got something huh? whoa... [ male announcer ] humana understands the value of spending time together that's a lot of work getting that one in! let's go see the birdies. [ male announcer ] one on one, sharing what you know. let's do it grandpa. that's why humana agents will sit down with you, to listen and understand what's important to you. it's how we help you choose the right humana medicare plan for you. because when your medicare is taken care of, you can
but they're a huge part of the president's health care law and we're going to show you after the break how they work. >>> then later on, the tuition is just too damn high, america. why does it keep going up, and up, and up? answers in the next half-hour. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... a little bit more vanilla? this is great! [ male announcer ] at humana, we believe there's never been a better time to share your passions......
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and a protest has ended in the vatican where he had been demonstrating against eu laws. he stood on one of the window lenls for more than 24 hours. he was complaining against an eu directive which would reform rules to licenses. operators have said the new rules threaten the jobs of some 600,000 resort workers. still to come, we talk shopping ahead of september retail sales data with a guest who says thrift may be the new bling. >>> european markets are trading town. we did see the green at the start of the show, but no longer the ftse down. same for the dax and cac. ibex held unreasonably well but also trading lower now. in the state, futures indicating a positive start to trade. just a few points higher for the s&p and nasdaq, the dow could open up by 30 points or so when trade gets under way there. on the agenda today in the u.s., weekly jobless claims out at 8:30 eastern, forecast to rise by 10,000. 10:00 a.m. brings august factor orders. expected to drop by 6%. at 2:00 the minutes from last month's fed meeting will be released. james bullard is in memphis, tennessee
and a protest has ended in the vatican where he had been demonstrating against eu laws. he stood on one of the window lenls for more than 24 hours. he was complaining against an eu directive which would reform rules to licenses. operators have said the new rules threaten the jobs of some 600,000 resort workers. still to come, we talk shopping ahead of september retail sales data with a guest who says thrift may be the new bling. >>> european markets are trading town. we did see the...
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laws. it is likely to become fodder for the u.s. presidential campaign, and there was a big piece -- >> on "60 minutes" and "wall street journal" and chavez won. >> apparently this is just a rumor, the bls the entire of bureau labor statistics from here was flown down to venezuela to monitor the election. >> the chicago guys were thrown down. >> ba-dum-boom. let's get to the story, the venezuelan president hugo chavez as joe was just saying -- >> 54-45. >> comfortable election victory that could extend his rule to 20 years. the next election isn't officially for six years but you had tens of thousands of ecstatic supporters flooding the streets around the presidential palace in downtown caracas, pumped their fists in the air and started shouting chavez's name. enrique capriles, he was beat by more than nine points. it will extend a wave of nationalizations and continue his support for left wing allies. we've heard how important this is for cuba, he has billions at his fingertips because of the oil produced there. this is the country
laws. it is likely to become fodder for the u.s. presidential campaign, and there was a big piece -- >> on "60 minutes" and "wall street journal" and chavez won. >> apparently this is just a rumor, the bls the entire of bureau labor statistics from here was flown down to venezuela to monitor the election. >> the chicago guys were thrown down. >> ba-dum-boom. let's get to the story, the venezuelan president hugo chavez as joe was just saying --...
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computer systems should not include any components made by these companies and they may have violated some laws. how important is this, dave? >> it's important. chairman rogers was an important component of the piece we did early this month that was on chinese cyber espionage. it focused on huawei. a company discovered the chinese were in their system, nortel. they went out of business. some claim it's because of huawei. chairman rogers is trying to raise the alarm on this. i can only tell you from firsthand experience, so many ceos of fortunate 500 companies who would not come on the program that we did a number of months ago because they fear for their business in china have admitted to me face to face that their firewalls had been breached by the chinese, that they'd been informed of that by the fbi. and so by doing this, chairman rogers simply is able to raise a larger awareness of it. as for the huawei allegation, we'll see. we haven't seen the report yet and the specifics. >> the reason why the issue has been treated with -- this has been going on over the course of a decade at least. it'
computer systems should not include any components made by these companies and they may have violated some laws. how important is this, dave? >> it's important. chairman rogers was an important component of the piece we did early this month that was on chinese cyber espionage. it focused on huawei. a company discovered the chinese were in their system, nortel. they went out of business. some claim it's because of huawei. chairman rogers is trying to raise the alarm on this. i can only...
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under the law, the government could recover triple damages. this is a $570 million suit against wells fargo. we're following it. we'll teep you posted. back to you. >> just off the lows, scott, thank you very much. we're heading toward the close, otherwise, with about 30 minutes left. the dow down 100 points at this hour. when we come back, we look at the health of wall street. new york state comptroller on the looming -- whether the looming fiscal cliff and increasing regulation are threatening wall street's comeback these days. plus, speaking of which, nearly half of all wall streeters are expecting a bigger bonus this year. will they get it in and more importantly, do they deserve it? that debate is coming up. and from bull market speed bump to chaos. breaking out at a bull fight in colombia. we're just wondering, is this scene a preview of what may be coming to our stock market? tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm tra
under the law, the government could recover triple damages. this is a $570 million suit against wells fargo. we're following it. we'll teep you posted. back to you. >> just off the lows, scott, thank you very much. we're heading toward the close, otherwise, with about 30 minutes left. the dow down 100 points at this hour. when we come back, we look at the health of wall street. new york state comptroller on the looming -- whether the looming fiscal cliff and increasing regulation are...
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then they had to go to an equity law firm. this is encouraging to me. i would think this actual bailout is one that says, we are now past, the pig is much further along. you don't want a python swallowing a pig, but it's going to follow it when it is finished. >> words to live by, jim. words to live by. >> i think about that often, actually. >> we just listened to an incredible hour of television on "squawk box" with zell talking about what he's seen in the economy, talking more about corporate i.t. upgrade cycles. here's what zell said not too long ago. >> nobody wants to make commitment to be on tomorrow. we run a company that does a lot of corporate enterprising installations. and one of their triggers is when the enterprise projects start getting delayed, we are heading for a recession. and that's exactly what you're looking at right now. >> when the enterprise project starts getting delayed, we are heading for a recession. that collides with the calls we are seeing regarding cisco right now. jim, channel checks going on? >> cisco, morgan stanley pu
then they had to go to an equity law firm. this is encouraging to me. i would think this actual bailout is one that says, we are now past, the pig is much further along. you don't want a python swallowing a pig, but it's going to follow it when it is finished. >> words to live by, jim. words to live by. >> i think about that often, actually. >> we just listened to an incredible hour of television on "squawk box" with zell talking about what he's seen in the economy,...
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>> reporter: tyler, by law, today is the last date that candidates can campaign here today in venezuela. a huge rally. a pro-president hugo chavez rally is scheduled for right here in the capital, caracas, later today. supporters of president chavez say they believe the future of of this oil rich country is best left to president chavez's control. at 58 years old he's been a power here for 14 years. the opposition at 40 years old, young, energetic, some say a sexy candidate who believes the oil wealth here has been squandered. his promise to re-invest in the neglected oil infrastructure in this country to get more oil to market. of course, if that oil draws so much of the u.s. interest, opec estimates venezuela has the largest reserves of oil in the world. the country is currently the fourth largest supplier of oil to the united states. but experts say the industry which was nationalized under chavez has been neglected. maintenance issues and lack of investment explain why the oil output here has actually dropped 30% in the last decade. punctuating the problem db president chavez which
>> reporter: tyler, by law, today is the last date that candidates can campaign here today in venezuela. a huge rally. a pro-president hugo chavez rally is scheduled for right here in the capital, caracas, later today. supporters of president chavez say they believe the future of of this oil rich country is best left to president chavez's control. at 58 years old he's been a power here for 14 years. the opposition at 40 years old, young, energetic, some say a sexy candidate who believes...
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. >> will be law andered? >> it will be laundered money, exactly. >> simon, what do you think? >> or extend the maturities that is the other possibilities. >> i have heard that this -- they begged for that absolutely right, keep asking and the ecb keeps saying no. >> most people think in the end, the way it is going to happen is through the laundered system through the back door, through the central banks. >> what about spain, michelle some people were posing the question that the greece certain lives the story of the day today with the protests, with ms. merkel going to greece, but spain really is what we need to be focused more on. do you agree with that? >> much bigger, much bigger in size. greece, in the end, is the bigger pictures that we see on television, but when it comes to the actual amount of money, the european union could actually handle that cost. spain is much, much bigger. >> thank you, michelle. simon, over to you. >> also watching, as you will be aware, sue, apple, very closely today. shares officially in correction territory, down 10% from the record high we
. >> will be law andered? >> it will be laundered money, exactly. >> simon, what do you think? >> or extend the maturities that is the other possibilities. >> i have heard that this -- they begged for that absolutely right, keep asking and the ecb keeps saying no. >> most people think in the end, the way it is going to happen is through the laundered system through the back door, through the central banks. >> what about spain, michelle some people were...
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that it is really about public employee unions because the private unions are protected by federal law, but what this question is on the ballot is basically saying that the rights of collective bargaining apply to all public employees, so let's take it one step further. what it really means is when it comes to michigan and the state government's ability to say, look, foodservice in the schools will be handled by private companies, bus transportation handled by private companies, what you're looking at is 2 to $3 billion in additional costs onto the state government in michigan calling collective bargaining a state protected right for state union employees, and so number one, this is a huge issue for the state of michigan. it is big for the governor. i think that if you look at what's happened in wisconsin, you're going to see hopefully the same level of success over in michigan. people understand that while we're -- >> we're a little short on time. i hate to cut you off here. there is going to be interesting questions at this week's debate and i would like to have you back next week to
that it is really about public employee unions because the private unions are protected by federal law, but what this question is on the ballot is basically saying that the rights of collective bargaining apply to all public employees, so let's take it one step further. what it really means is when it comes to michigan and the state government's ability to say, look, foodservice in the schools will be handled by private companies, bus transportation handled by private companies, what you're...
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. >> is there a china law in this country? a china lobby saying stay away from them because we need them so badly? >> i don't know. >> a lot of companies need to sell to china. the last thing they want to do, i don't think they want to hear about a trade war, given they own so many kentucky fried chickens in china. >> there's a trillion dollars in treasury bonds pretty strong lobbying. >> that's true. that's true. >> i think you're right. the main thing about china is it is more complicated that it seems. >> finally, a couple interesting notes on banks, david, the makenzie report saying the business model will provide sustainable profits and there's a poll of bankser who believe their numbers will get better, not worse. >> optimism never dies when it comes to people's pay. you look around them to see everything falling down but i was a star. i served to get paid well. we talked a lot about it. i think when you talk to the executives who run many of the global institutions, it is coming down in a true way. it's a seminole chang
. >> is there a china law in this country? a china lobby saying stay away from them because we need them so badly? >> i don't know. >> a lot of companies need to sell to china. the last thing they want to do, i don't think they want to hear about a trade war, given they own so many kentucky fried chickens in china. >> there's a trillion dollars in treasury bonds pretty strong lobbying. >> that's true. that's true. >> i think you're right. the main thing about...
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ironically, the health care reform law mitt romney signed as governor and remains in effect today in massachusetts does mandate coverage for anyone with pre-existing conditions, whether they already have health insurance or not. a bit later in the program, we will talk about one of the few moments that mr. romney failed to strike a tone of moderation. it concerns a great big yellow bird. that makes it on our "ridiculist" tonight. a good friend of his, oscar the grouch, i can tell you it's really got my attention. first, ari fleischer with the serious stuff. he serves as part-time unpaid communications consultant to the romney campaign and political analyst, roland martin. ari, what do you make -- do you say that mitt romney is seeming to be striking some more centrist positions, or at least sounding more centrist? >> well, let me try to peel this onion one slice at a time. the 47% comment really breaks down to two. one is that the pejorative way he spoke about the 47%, which as i, you didn't show my clip, when you asked me about that the day afterwards, i said it was wrong, they're n
ironically, the health care reform law mitt romney signed as governor and remains in effect today in massachusetts does mandate coverage for anyone with pre-existing conditions, whether they already have health insurance or not. a bit later in the program, we will talk about one of the few moments that mr. romney failed to strike a tone of moderation. it concerns a great big yellow bird. that makes it on our "ridiculist" tonight. a good friend of his, oscar the grouch, i can tell you...
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they say she violated a state law to protect the massive aquatic mammals and could face a fine. >> leave them alone. they got enough problems. they get run over by boats. they're sweet and gentle creatures. don't be grabbing dolphins, either, out in the wild. >> good point. >> thanks. >>> president obama and mitt romney obviously have been prepping heavily for their first debate now less than 24 hours away. how high are the stakes? who has the edge and where each candidate's weak spots are. we look at that next. those little things still get you. for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, a
they say she violated a state law to protect the massive aquatic mammals and could face a fine. >> leave them alone. they got enough problems. they get run over by boats. they're sweet and gentle creatures. don't be grabbing dolphins, either, out in the wild. >> good point. >> thanks. >>> president obama and mitt romney obviously have been prepping heavily for their first debate now less than 24 hours away. how high are the stakes? who has the edge and where each...
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so if it bears more heavily on handicapped disabled people it may very well be against the law. that's where the test is. we don't have a ruling yet but it really will be cutting-edge once we find out the answer to that question. >> interesting. potentially, richard, it macon clued that there has to be different kinds of personality tests based on what applicants might be eligible or looking into employment? >> yeah. fred, i think the sole criteria here will be whether or not this test disadvantages hearing impaired or speech impaired. that's the issue. whether disadvantages this group of people because if i want does not disadvantage them and the person is crying sour grapes because they didn't get the job these tests are going to be permissible, they are allowed to be used. tough economic times right now and employers can use a vast array of criteria to determine which employees they think will be best suited for their jobs and this is one criteria for hem to use. it's legitimate. i think this is going to be legitimate and i think this case will get thrown out, fred. >> intere
so if it bears more heavily on handicapped disabled people it may very well be against the law. that's where the test is. we don't have a ruling yet but it really will be cutting-edge once we find out the answer to that question. >> interesting. potentially, richard, it macon clued that there has to be different kinds of personality tests based on what applicants might be eligible or looking into employment? >> yeah. fred, i think the sole criteria here will be whether or not this...
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i mean the number is there and the law is cast, and the math the economists have defined and this seemed to be the consensus, this can be 4% of gdp, think it was meant to be somewhat of a ticking time bomb to prompt action. i don't think anybody is going to be pleased if it doesn't produce action. people have written off the election and put their faith in lame-duck session to do some work. maybe at the most optimistic, there can be some rejiggering, rearranging, redeferring. but if they got something done, medium hanging fruit and then said we have a structure in place and maybe by the middle of the year we come up with a whole program and set ourselves a deadline and agree to work together -- and i'm somewhat optimistic of after the elect n election, people who have been pouting for 18 months and holding their breath aren't going to do want to do that for the next four years. there will be some confidence moving that out. this gives me optimism. you know, this wasn't supposed to be -- the timer was set. it with us supposed to prompt action. there is a substantial risk that we won't get
i mean the number is there and the law is cast, and the math the economists have defined and this seemed to be the consensus, this can be 4% of gdp, think it was meant to be somewhat of a ticking time bomb to prompt action. i don't think anybody is going to be pleased if it doesn't produce action. people have written off the election and put their faith in lame-duck session to do some work. maybe at the most optimistic, there can be some rejiggering, rearranging, redeferring. but if they got...
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law cannot be enforced during the presidential election next month. judge robert simpson issued a preliminary injunction saying he wasn't convinced some voters wouldn't be disenfranchised by requiring them to show a photo i.d. the injunction is temporary and the law could be enforced starting next year. the ruling is expected to be appealed. >>> a border patrol agent was shot and killed in arizona today. 30-year-old nicholas ivy and another agent came under fire after responding to a sensor that went off near the border. it was according to customs and border protection. ivy was killed in the firefight. the other agent is at a local hospital. his injuries are not thought to be life-threatening, but ivy is the third border patrol agent killed in the line of duty this year. >>> the whereabouts of jimmy hoffa are going to remain a mystery, at least for now. roseville, michigan police say two soil samples don't show evidence of human remains. we've been telling you about this search prompted by a credible tipster who claimed a body was buried there around
law cannot be enforced during the presidential election next month. judge robert simpson issued a preliminary injunction saying he wasn't convinced some voters wouldn't be disenfranchised by requiring them to show a photo i.d. the injunction is temporary and the law could be enforced starting next year. the ruling is expected to be appealed. >>> a border patrol agent was shot and killed in arizona today. 30-year-old nicholas ivy and another agent came under fire after responding to a...
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. >> alabama has virtually the identical stand your ground law that florida ha. the officer in this case can probably say he was -- he felt he was in danger of his life and he was standing his ground and shooting. i'm betting as this proceeds you may see that law we heard so much about in this case in florida rear it's ugly head in alabama. >> the officer involved in the shooting has been put on administrative leave until the investigation is complete. >>> documentary filmmaker ken byrnes is defying a subpoena issued by the city of new york over his latest film "central park 5." it's a move mee about the five men exonerated in the 1989 central park jogger rain case. they want his outtakes, but burns wants the investigators to prove they need them. susan candiotti has more. >> this documentary, the latest project of ken burns, whose daughter is co-director, telling the story of five black and latino teenagers. they were convicted of raining and brutally beelting a white female jogger in new york's central park in 1989. >> it was a huge media story. there was a lot
. >> alabama has virtually the identical stand your ground law that florida ha. the officer in this case can probably say he was -- he felt he was in danger of his life and he was standing his ground and shooting. i'm betting as this proceeds you may see that law we heard so much about in this case in florida rear it's ugly head in alabama. >> the officer involved in the shooting has been put on administrative leave until the investigation is complete. >>> documentary...
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law. >> joined by our pentagon correspondent, barbara starr. you've been digging into this for new information. you say as early as april, the united states sent special forces into benghazi for a specific reason. >> they did, indeed, carol. what we've learned is that a very small team of special forces commandos were sent to that benghazi compound. this was back in april. if you think back a u.n. -- united nations convoy in the region had been attacked. growing security concerns at that time back in april, about what was going on in that region in eastern libya. so, the u.s. sent a team of about four special forces, commandos to the benghazi compound. they did a security assessment. what could be done to improve security at the facility. and they recommended apparently, we are told, a couple of things that seem fairly minor in retrospect. sand bagging some positions so libyan forces who were there, contractors, essentially, could help fight back if the place came under attack and also wer
law. >> joined by our pentagon correspondent, barbara starr. you've been digging into this for new information. you say as early as april, the united states sent special forces into benghazi for a specific reason. >> they did, indeed, carol. what we've learned is that a very small team of special forces commandos were sent to that benghazi compound. this was back in april. if you think back a u.n. -- united nations convoy in the region had been attacked. growing security concerns at...
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having the government treat every american the same, which is a foundational principal of the rule of law. and i think mitt romney has to do more of that. has he been specific with his plan? he laid five out in the debate, which is more than the president did. that's why independents thought mitt romney did very, very well. >> let me ask you about one of the issues where they differ, medicare. that is a big deal in florida romney says he supports vouchers for medicare, a plan that is not very popular. how does play in florida with all those seniors? >> right now in florida, you've got about 12 million registered voters. 36% who are republicans, you have 40% who are democrats. and then the 24% or the remainder is going to be the most important percentage in america and i think it's 24% who are not registered republican or democrat. these are going to be the most important voters in the united states. but, let's look at medicare. you have mitt romney who says, i want to give you vouchers, which i personally don't agree with. but what would you rather have? vouchers or $761 billion cut to pa
having the government treat every american the same, which is a foundational principal of the rule of law. and i think mitt romney has to do more of that. has he been specific with his plan? he laid five out in the debate, which is more than the president did. that's why independents thought mitt romney did very, very well. >> let me ask you about one of the issues where they differ, medicare. that is a big deal in florida romney says he supports vouchers for medicare, a plan that is not...
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it's law that just makes sense. i'm watching natalie's ballet recital and i'm pulling photos right from the video. great idea, we can pick one and frame it! yeah. here, watch this. she nails almost every move. our old camera could never do this. she's so good at ballet. i think she's the best in the class. where is she by the way? in time out. oh. and that one! [ male announcer ] take a photo straight from video and never miss a moment. the htc one x from at&t now $99.99. ♪ >> i'm a 20-year-old student. i'm one of the undecided voters that president obama and mitt romney have to sway over in this vote, and this is the first time that i'm going to be voting for president. >> voters, pundits and the media might have pored over every word the candidates said this week in the presidential debate but we're taking a different look at things and checking out how blinking, posture and finger-pointing and even hugs played a role. body expect patty wood joining me in studio this morning. >> good morning. >> when you look at
it's law that just makes sense. i'm watching natalie's ballet recital and i'm pulling photos right from the video. great idea, we can pick one and frame it! yeah. here, watch this. she nails almost every move. our old camera could never do this. she's so good at ballet. i think she's the best in the class. where is she by the way? in time out. oh. and that one! [ male announcer ] take a photo straight from video and never miss a moment. the htc one x from at&t now $99.99. ♪ >> i'm a...
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i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. [ clears his throat ] [ softly ] she's right behind me isn't she? if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. >>> welcome back. with only 32 days until the legs, the white house got some welcome news this morning. the monthly jobs report showed unemployment dropped to the lowest level since the president took office. it comes as a boost for the president after a disappointing performance at the first presidential debate. throughout the next 30 minutes we'll tak
i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. [ clears his throat ] [ softly ] she's right behind me isn't she? if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they...
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at nova southeastern law school in broward, county. at florida atlantic university in boca raton -- >> hey, are you registered to vote? >> reporter: outside the courthouse, there's no mistaking which candidate allen supports, but he says -- >> we register -- >> reporter: 20-year-old jonathan registered. >> i'm looking in the future, like ten year, whatever they can do to make their four years count is what i really want. >> reporter: with so much at stake in florida, there can be a dark side to voter registration. susan booker discovered discrepancies, signatures that look the same. addresses that didn't appear right on more than 100 voter registration forms. >> we just haven't ever experienced this kind of issue with the registration forms, so that's got us a little disconce disconcerted. >> reporter: strategic allied consu consulting, hired by the republican party to register voters, was fired. strategic insists the problem was one individual. back in ft. lauderdale, not a good day for jessina and karen. only a handful of new registe
at nova southeastern law school in broward, county. at florida atlantic university in boca raton -- >> hey, are you registered to vote? >> reporter: outside the courthouse, there's no mistaking which candidate allen supports, but he says -- >> we register -- >> reporter: 20-year-old jonathan registered. >> i'm looking in the future, like ten year, whatever they can do to make their four years count is what i really want. >> reporter: with so much at stake in...
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the law school examiners, i don't think bls cooked numbers. i think people lied about getting jobs. that would have the same effect. there is no evidence of that. the bls is constantly trying to get it right. sometimes it helps the incumbent president, sometimes not. here's what eric erickson tweeted. quote, i don't think it's healthy to indicate that the jobs numbers are cooked. a best-selling author and currently writes a blog with his wife susie. so do you really believe that people in the obama campaign, the chicago guy that you tweeted about, that they cooked the numbers? >> anderson, last night before these numbers came out, i tweeted, i wonder what the assumptions will be tomorrow. because last month, the assumptions were that participation rate dropped to the lowest level since jimmy connor. that means people quit looking for work so they don't count. there are so many assumptions that one makes coming into these numbers. you pointed out very accurately that they polled 60,000 people out of a work force of 100 million plus to see how many people had work coming in and out. b
the law school examiners, i don't think bls cooked numbers. i think people lied about getting jobs. that would have the same effect. there is no evidence of that. the bls is constantly trying to get it right. sometimes it helps the incumbent president, sometimes not. here's what eric erickson tweeted. quote, i don't think it's healthy to indicate that the jobs numbers are cooked. a best-selling author and currently writes a blog with his wife susie. so do you really believe that people in the...
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ironically, the health care law that mitt romney signed in massachusetts and remains in place, it does allow for preexisting conditions whether they have health insurance or not. we will be watching big bird and his good friend oscar the grouch. it certainly got my attention. but first we have political analyst roland martin. do you think mitt romney is taking more centrist positions? >> the 47% comment really breaks down into two. the pejorative way he talked about the 47%, you didn't show my clip. when you asked me about that the day afterwards, i said he was wrong, they aren't victims and he shouldn't use that word. the economic part of it is factually right. we are a country where 47% should be excused for paying any income taxes. >> but he said that's totally wrong. >> let me get to that. the top 47% make more than $250,000 a year and pay more income taxes. he was wrong by saying 47%. he was right in saying 47% don't pay income taxes. you talk about lifting those people up so they can make it in america. that's what they want. they want to become taxpayers, and that's where he was
ironically, the health care law that mitt romney signed in massachusetts and remains in place, it does allow for preexisting conditions whether they have health insurance or not. we will be watching big bird and his good friend oscar the grouch. it certainly got my attention. but first we have political analyst roland martin. do you think mitt romney is taking more centrist positions? >> the 47% comment really breaks down into two. the pejorative way he talked about the 47%, you didn't...
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after all he's picked a couple and taught constitutional law. he said over and over again for him this is all about what's in a judge's heart. when he nominated sonia sotomayor to the supreme court, president obama laid out his criteria for justices. chief among them empathy. >> it is experience that give a person common sense and touch and compassion and understanding of how the world works and how ordinary people live. and that is why it is a necessary ingredient in the kind of justice we need on the supreme court. >> reporter: it's a trait president obama probably wishes more justices shared when they decided citizens united, the case that largely removed independent corporate spending limits on federal political campaigns. he called out the high court during his 2010 state of the union address. >> with all due deference to separation of powers, last week the supreme court reversed a century of law that i believe will open the flood gates for special interests. >> reporter: four months later the president made sure to highlight similar themes
after all he's picked a couple and taught constitutional law. he said over and over again for him this is all about what's in a judge's heart. when he nominated sonia sotomayor to the supreme court, president obama laid out his criteria for justices. chief among them empathy. >> it is experience that give a person common sense and touch and compassion and understanding of how the world works and how ordinary people live. and that is why it is a necessary ingredient in the kind of justice...
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but the guy on stage last night, he said that he doesn't even know that there's such laws that encourage outsourcing. never heard of them. never heard of them. never heard of tax breaks for companies that ship jobs overseas. he said that if it's true, he must need a new accountant. now, we know for sure it was not the real mitt romney because he seems to be doing just fine with his current account. so you see, the man on stage last night, he does not want to be held accountable for the real mitt romney's decisions and what he's been saying for the last year. and that's because he knows full well that we don't want what he's been selling for the last year. >> president obama at that rally in denver earlier today. very, very different from what we saw in the debate last night. watch this. >> the last point i'd make before -- >> two minutes is up, sir. >> i think i had five seconds before you interrupted me was -- the irony is that we've seen this model work really well in massachusetts. >> all right. moments like that may have contributed to what so many people out there see as the preside
but the guy on stage last night, he said that he doesn't even know that there's such laws that encourage outsourcing. never heard of them. never heard of them. never heard of tax breaks for companies that ship jobs overseas. he said that if it's true, he must need a new accountant. now, we know for sure it was not the real mitt romney because he seems to be doing just fine with his current account. so you see, the man on stage last night, he does not want to be held accountable for the real...
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both with harvard law degrees, romney has an mba, too, for extra measure. smart, fit, focused men, but expect different physical signals. the president's message -- >> in charge. in charge, ready to go. things are not happening by accident. things have been deliberate. and he has a plan and he has the conviction that that's the best plan. >> the goal, calm confidence. but to avoid -- >> he purses his lips while nervous. maybe looks down. gathers his thoughts. it may be a signal he's nervous. romney tends to get argument ive. ing i thi ing. >> for romney, the goal may be warm smile, kind eye, open posture. avoid ko avoid condescending. >> he's got to make that connection if people are going to trust him and give him their vote. >> and remember this about debates. whatever the mission, there may be mayhem. all that is certain, two will enter. one will leave victorious. >> when they shake hands, these two haven't met for years. >> we'll be watching all of that. you just hear it on the radio, you have to watch. >> and watch it on cnn. >> thank you very much. we
both with harvard law degrees, romney has an mba, too, for extra measure. smart, fit, focused men, but expect different physical signals. the president's message -- >> in charge. in charge, ready to go. things are not happening by accident. things have been deliberate. and he has a plan and he has the conviction that that's the best plan. >> the goal, calm confidence. but to avoid -- >> he purses his lips while nervous. maybe looks down. gathers his thoughts. it may be a...
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. >> you don't have the right in this country, according to the laws of our land. >> that's incorrect. >> you don't have the right to endorse a candidate in church. >> no, it's never been taken to court. for 58 years they've been trying to provoke it to court to see if it's constitutional or not. it's not gotten there. there have been many, many attempts. if it's all that unconstitutional, let's get it to court and decide. the pastor should be able to speak on biblic al topics. freedom of religion and freedom of speech. >> if you feel so strongly that your political voice should be heard, why not give up your tax exempt status? why challenge the irs this way? >> well, take that up with thomas jefferson and benjamin franklin. they said there should be true separation of church and state. that means that would include such a thing as tax exemption. supreme court would later say if the government can tax a church, it can control it and manipulate it. most people would not want their pastors to be controlled and manipulated by the state even in the arena of speech restriction as well. tha
. >> you don't have the right in this country, according to the laws of our land. >> that's incorrect. >> you don't have the right to endorse a candidate in church. >> no, it's never been taken to court. for 58 years they've been trying to provoke it to court to see if it's constitutional or not. it's not gotten there. there have been many, many attempts. if it's all that unconstitutional, let's get it to court and decide. the pastor should be able to speak on biblic al...
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. >> he's not trying to move the law radically, quickly. i think justice scalia or justice thomas really want to get to the end answer as quickly as possible and make the law conform to what they really understand whereas the chief justice is more incrementalist. >> reporter: conservative court watcher carry severino doesn't believe much will change any time soon. >> certainly this is not a crusading con serbtive court. until we have a shift, i think, in the membership of the court it's impossible to call it a court that leans more to the left or to the right. >> let's bring in joe johns. joe, could this term possibly be as important as the last one? that's hard to imagine. >> reporter: carol, it certainly has that potential. just the question of revisiting race based preferences in university admissions. this is an issue they decided just a few years ago. now they're back. the difference is the court's been reconstituted. now the swing vote is no longer one justice. it's another justice. there are other issues certainly that could be big.
. >> he's not trying to move the law radically, quickly. i think justice scalia or justice thomas really want to get to the end answer as quickly as possible and make the law conform to what they really understand whereas the chief justice is more incrementalist. >> reporter: conservative court watcher carry severino doesn't believe much will change any time soon. >> certainly this is not a crusading con serbtive court. until we have a shift, i think, in the membership of the...
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laws, and not create new ones. >> mr. obama expressed the need on assaulted weapons. >> they belong in the hands of soldiers and not criminals. >> the reason obama's yes as an asterisk is because -- >> he continued to pay lip service to those things but has not seen leadership. >> background checks have gotten more thorough under obama, and the big problem remains gun shows and the internet, specifically unlicensed dealers with buyers and no background check needed. president obama has supported closing the gun show loophole in the past, but the white house says his focus now is on existing laws. governor romney says no to any further regulation of gun shows. >> there's no particular change in law that is going to keep people who are intent on doing harm from doing harm. >> the majority of gun owners agree we should do everything possible from preventing criminals and fugitives from purchasing weapons. >> while president obama says he wants tougher gun laws little was done during the first term, and republican khalen jury
laws, and not create new ones. >> mr. obama expressed the need on assaulted weapons. >> they belong in the hands of soldiers and not criminals. >> the reason obama's yes as an asterisk is because -- >> he continued to pay lip service to those things but has not seen leadership. >> background checks have gotten more thorough under obama, and the big problem remains gun shows and the internet, specifically unlicensed dealers with buyers and no background check...
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. >>> the law about the economy last night and hard to know who is telling the truth. president obama would say one thing and governor romney would contradict it, especially on tax cuts. so who has the answers? i know. our chief business correspondent ali velshi is here. i've missed you! >> we spent very early mornings together and nice we both get to sleep a little more. >> exactly. >> we have heard a lot of numbers thrown around last night. tell us what they mean. >> a lot of things to do how you are going to deal with the deficit a major concerns of americans vis-a-vis taxes, who is going to do what. president obama made an allegation about mitt romney's tax plan and how it will increase the deficit. let's play that. >> governor romney's central economic plan calls for a $5 trillion tax cuts on top of the bush tax cuts another trillion dollars and trillion dollars in military spending the military hasn't asked for. >> a number of things but the $5 trillion tax cut is what romney came back to saying i will not add $5 trillion to the deficit. let's see how president g
. >>> the law about the economy last night and hard to know who is telling the truth. president obama would say one thing and governor romney would contradict it, especially on tax cuts. so who has the answers? i know. our chief business correspondent ali velshi is here. i've missed you! >> we spent very early mornings together and nice we both get to sleep a little more. >> exactly. >> we have heard a lot of numbers thrown around last night. tell us what they mean....
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now, candidate romney says he opposes any new laws. >> we need a president who will enforce current laws, not create new ones that only serve to burden lawful gun owners. >> reporter: after aurora, mr. obama stressed the need for a ban on assault weapons. so that's a yes. >> a lot of gun owners would agree that ak-47s belong in the hands of soldiers, not in the hands of criminals. >> reporter: the reason obama's yes has an asterisk is that in four years, no new gun control laws have been enacted. in fact, under obama's watch, concealed weapons are now allowed on amtrak trains and in national parks. >> he's continued to pay lip service to those things. but he hasn't shown real leadership in pursuing those changes. >> reporter: yes, background checks have gotten more thorough under obama. where people legally buying guns in gun shops. but the big problem remains gun shows and the internet. specifically, unlicensed dealers selling firearms to buyers with no background check needed. president obama has supported closing the gun show loophole in the past. but the white house says his focus no
now, candidate romney says he opposes any new laws. >> we need a president who will enforce current laws, not create new ones that only serve to burden lawful gun owners. >> reporter: after aurora, mr. obama stressed the need for a ban on assault weapons. so that's a yes. >> a lot of gun owners would agree that ak-47s belong in the hands of soldiers, not in the hands of criminals. >> reporter: the reason obama's yes has an asterisk is that in four years, no new gun...